BUSINESS
Apple joins Goldman Sachs to launch high-yield savings accounts for users
Apple Card users will be able to grow their rewards in Apple Wallet by automatically depositing their Daily Cash into a new high-yield savings account from Goldman Sachs. In the coming months, Apple Card users will be able to open the new high-yield Savings account and have their Daily Cash automatically deposited into it � with no fees, no minimum deposits, and no minimum balance requirements, said the tech giant.
Finance Minister calls for infrastructure investments, simple international taxation rules
During her interventions in the conference, which is taking place on the sidelines of the IMF-WB annual meetings, Sitharaman focussed on infrastructure investments and international taxation. On scaling up sustainable and digital infrastructure investments, she highlighted the need to leverage private sector participation.
Sweden's inflation hits highest in 30 yrs
Electricity prices have increased by 54.2 per cent, and food and non-alcoholic beverages by 16.1 per cent over the past 12 months, Xinhua news agency reported. Prices also increased for repair and maintenance of dwellings, furnishing and household equipment, restaurant visits, accommodation services as well as miscellaneous goods and services. According to analysts, the fight against soaring inflation is far from over.
German annual inflation hits record 10% in September
Inflation has remained above 7 per cent for seven months now, it added on Thursday. Energy prices in Europe's largest economy rose by 43.9 per cent year-on-year, with particularly sharp increases registered for household energy. Natural gas was 95 per cent more expensive than last year and prices for heating oil even more than doubled, Xinhua news agency reported.
Global economy faces confluence of challenges: Nirmala Sitharaman
While addressing the closing session of the G20 Finance Ministers and Central Banks Governors (G20FMCBG) meeting in Washington D.C., on Thursday, she said that India views the hosting of the G20 Presidency as an opportunity as well as a responsibility.
Infosys posts Rs 6,021 crore PAT, announces buyback of shares
Approving the accounts, the company Board declared an interim dividend of Rs 16.50 per share. According to Infosys, it had posted a consolidated revenue of Rs 36,538 crore for the period ended September 30, 2022 (Rs29,602 crore -Q2FY22) and a net profit of Rs 6,021 crore (Rs 5,421 crore).
US core inflation rises to 40-year high
The US Labour Department said on Thursday that core inflation, excluding food and energy prices, rose 6.6 per cent in September from the corresponding period of last year. It was also up from 6.3 per cent in August, making it the highest increase since 1982. On a monthly basis, the core retail inflation rose 0.6 per cent in September, according to official data.
India a bright spot on otherwise dark horizon: IMF chief
She was speaking on the fourth day of the IMF and World Bank Annual Meetings at the IMF headqarters here. "Most importantly, this growth is underpinned by structural reforms," Kristalina Georgieva told reporters after the meeting. She was replying to a question on her expectations from India just days before it takes over the presidency of G20.
CWC vs Adani Ports SEZ: SC sets aside Gujarat HC order directing CWC to seek waiver as SEZ compliant
A bench comprising Justices B.R. Gavai and C.T. Ravikumar said: "We are... of the considered view that the impugned judgment and order of the High Court dated 30th June 2021 is not sustainable in law." The top court said the high court forced the MD of the CWC, which is a statutory body, to accept the first two conditions and leave the third condition to be settled mutually through mediation.
Singapore Airlines in discussions with Tatas over integration of Vistara, Air India
"SIA is currently in confidential discussions with Tata to explore a potential transaction in relation to the securities of Vistara and Air India Ltd, a subsidiary of Tata (the 'Potential Transaction'). The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India," said the Singapore airline in a statement on Thursday.
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